Westwater Resources Applauds Treasury Department Guidance on 45X Advanced Manufacturing Production Credit
Westwater Resources (NYSE: WWR) welcomes the U.S. Treasury Department's updated guidance on the 45X Advanced Manufacturing Production Credit. The new guidance allows manufacturers to include both direct and indirect raw material costs in the 10% production tax credit calculation, specifically including graphite flake costs. This update positively impacts Westwater's debt financing economics and enhances its competitive position in producing domestic natural graphite.
Westwater Resources (NYSE: WWR) accoglie con favore le nuove indicazioni del Dipartimento del Tesoro degli Stati Uniti riguardo al Credito Fiscale per la Produzione Avanzata 45X. Le nuove linee guida consentono ai produttori di includere sia i costi diretti che indiretti delle materie prime nel calcolo del credito d'imposta per la produzione del 10%, includendo specificamente i costi delle scaglie di grafite. Questo aggiornamento influisce positivamente sull'economia del finanziamento del debito di Westwater e migliora la sua posizione competitiva nella produzione di grafite naturale domestica.
Westwater Resources (NYSE: WWR) da la bienvenida a la nueva guía del Departamento del Tesoro de EE.UU. sobre el Crédito Fiscal por Producción Avanzada 45X. La nueva guía permite a los fabricantes incluir tanto los costos de materias primas directos como indirectos en el cálculo del crédito fiscal por producción del 10%, incluyendo específicamente los costos de las escamas de grafito. Esta actualización afecta positivamente la economía de financiamiento de deuda de Westwater y mejora su posición competitiva en la producción de grafito natural nacional.
Westwater Resources (NYSE: WWR)는 미국 재무부의 45X 고급 제조 생산 세액 공제에 관한 추가 지침을 환영합니다. 새로운 지침에 따르면, 제조업체는 원자재 비용의 직접 및 간접 비용을 10% 생산 세액 공제 계산에 포함할 수 있으며, 특히 흑연 조각 비용이 포함됩니다. 이 업데이트는 Westwater의 부채 금융 경제에 긍정적인 영향을 미치고 국내 자연 흑연 생산에서의 경쟁력을 강화합니다.
Westwater Resources (NYSE: WWR) accueille favorablement les nouvelles directives du Département du Trésor américain concernant le Crédit d'Impôt pour la Production Avancée 45X. Les nouvelles directives permettent aux fabricants d'inclure à la fois les coûts des matières premières directs et indirects dans le calcul du crédit d'impôt de 10% pour la production, en incluant spécifiquement les coûts des flocons de graphite. Cette mise à jour impacte positivement l'économie de financement de la dette de Westwater et renforce sa position concurrentielle dans la production de graphite naturel national.
Westwater Resources (NYSE: WWR) begrüßt die aktualisierten Richtlinien des US-Finanzministeriums zum 45X Steuerkredit für fortschrittliche Fertigung. Die neuen Richtlinien erlauben Herstellern, sowohl direkte als auch indirekte Rohstoffkosten in die Berechnung des 10% Produktionssteuerguts zu integrieren, insbesondere die Kosten für Graphitflocken. Dieses Update hat positive Auswirkungen auf die Finanzierungskosten von Westwater und stärkt die Wettbewerbsfähigkeit in der Produktion von heimischem Naturgraphit.
- Inclusion of raw material costs in 10% production tax credit calculation improves debt financing economics
- Enhanced competitive position for domestic graphite production through tax benefits
- None.
Insights
The Treasury Department's guidance on the 45X tax credit represents a significant financial advantage for WWR's graphite production economics. Including raw material costs in the 10% production tax credit substantially improves the company's cost structure and competitiveness. For WWR, with a market cap of
This development strengthens WWR's debt financing prospects and overall project economics for their domestic graphite production facility. The enhanced tax credit effectively reduces operational costs, potentially accelerating their path to profitability in the U.S. market where domestic battery material production is strategically crucial. The improved economics could attract more favorable financing terms and strategic partnerships.
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Updated guidance allows for inclusion of raw material costs in the
10% production tax credit. - Applies to both critical minerals and electrode active materials including anodes.
Pursuant to the updated guidance, manufacturers of applicable battery materials including graphite are allowed to include both direct and indirect raw material costs within the production tax credit, inclusive of graphite flake cost.
Terence Cryan, Executive Chairman of Westwater, commented, “We applaud and support this updated guidance from the Department of the Treasury. This decision positively affects Westwater’s debt financing economics as it enables the inclusion of our feedstock costs within our production tax credit calculation. This decision strengthens our ability to compete globally and will only accelerate demand for Westwater’s domestically produced natural graphite.”
About Westwater Resources, Inc.
Westwater Resources is an energy technology company that is focused on developing battery-grade natural graphite. Westwater Resources’ primary project is the Kellyton Graphite Processing Plant that is under construction in east-central
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “guidance,” “positively effects,” “supports,” “applaud,” “accelerate,” and other similar words. Forward-looking statements in this release include, among other things, statements concerning: Westwater’s future sales of domestically produced natural graphite, including CSPG and Fines products, to customers, including the amounts, timing, and types of products included within those sales; the continued construction and planned annual production from Phase I of Kellyton Graphite Plan; and future demand of domestic graphite products. Westwater cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Westwater; accordingly, there can be no assurance that such suggested results will be realized. Additional risks facing Westwater‘s future prospects are discussed in the Westwater Resources, Inc. Annual Report on Form 10-K for the year ended December 31, 2023, and subsequent securities filings.
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Westwater Resources, Inc.
Email: Info@WestwaterResources.net
Investor Relations
Email: Investorrelations@westwaterresources.net
Source: Westwater Resources, Inc.
FAQ
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